Question: A not for pro t technical college trains computer specialists most of whom
A not-for-proﬁt technical college trains computer specialists, most of whom have, in the past, received offers for high-paying jobs in Silicon Valley. What special concerns might you have as to the ability of the college to repay its long-term debts?
Relevant QuestionsNear the end of its ﬁscal year, a not-for-proﬁt university was awarded a $2 million National Science Foundation grant to conduct biological research. Yet, consistent with GAAP, the college made no accounting entries with ...Mr. Grifﬁn Smith donated $3,500,000 to the University of Baton Rouge (a government university) with the stipulation that earnings of the ﬁrst ten years be used to provide scholarship for social entrepreneurship programs ...In January 2015, Kirkland University receives a pledge of $200,000, to be used exclusively to support research in a specialized area of communication disorders. The university’s ﬁscal year ends on July 31.In December ...What is the difference between restricted assets and assets limited as to use?A not-for-proﬁt residential assisted living center engaged in the following transactions during the year.Prepare appropriate journal entries.1. It billed residents for $6,200,000. Of this amount it estimates that ...
Post your question